Obama praises Senate agreement to avert 'fiscal cliff'

US President Barack Obama. Credit: Reuters

President Barack Obama has praised the US Senate after it passed a bill to avert the 'fiscal cliff', by delaying spending cuts for two months.

He also called on the House of Representatives to pass the deal without delay.


Obama hails US budget deal

Barack Obama has hailed a deal to avoid a "fiscal cliff" of stark tax hikes and spending cuts. The US House of Representatives backed the bill by 257 votes to 167.